Abbey Current Account Preferred In-Credit Rate

The Santander account does it all - it's easy to use and puts you in complete control of your money, with no hidden charges and you could get a fantastic 5% AER on balances up to £1000 for 12 months.

Abbey Current Account Preferred In-Credit Rate Details

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Abbey Current Account Preferred In-Credit Rate Features & Benefits

(currently displaying summary information only)

Feature / Benefit	Summary	Details
Application Criteria:
Existing Customer Only	no	This account is not available to existing customers only.
Minimum Monthly Credit	£1,000	A monthly mandate of £1,000 plus is required, if this mandate is not met, the credit interest on the account will be reduced.
Minimum Age	18 years	The minimum age is 18 years.
Minimum Income	£0	There is no minimum income required for this account.
Minimum Investment	£0	The account will be opened with a nil balance if the customer agrees to credit the account with £1000 or more each month either by a salary mandate...expand The account will be opened with a nil balance if the customer agrees to credit the account with £1000 or more each month either by a salary mandate or by Standing Order. The minimum balance that must be maintained in this account to receive interest is £1. If the balance falls below £1 no interest will be paid.collapse
Student Bank Account	no	This is not a student bank account.
Graduate Bank Account	no	This is not a graduate bank account.
Facilities:
Internet Banking	yes	E-banking is a simple, convenient and secure way for the customer to manage their Abbey card based accounts on-line. The service is available to customers...expand E-banking is a simple, convenient and secure way for the customer to manage their Abbey card based accounts on-line. The service is available to customers with a variety of accounts which will need to be linked to one of Abbey's cards (Multifunction, Electron or Abbeylink).collapse
Branch Banking	yes	This account can be operated through a branch.
Telephone Banking	yes	An automated telephone banking service is available 24 hours a day 365 days a year and calls are charged at a local rate The services available via the...expand An automated telephone banking service is available 24 hours a day 365 days a year and calls are charged at a local rate The services available via the automated telephone banking service are as follows:- - Balance enquiry on any Abbey Account, Credit Card, Instant Plus or linked savings accounts - Request a postal statement - Transfer funds between any linked accounts - Bill Payment facility (Bill Payments must first be registered with an operator) - Report lost/stolen cards There is also a person to person service available between 8am and 9pm Monday to Friday and 8am to 4pm on Saturday, calls are charged at a local rate The additional services available via the person to person service are as follows:- - Clarify any queries regarding your account - Set up an overdraft (subject to status) - Clarify Standing Orders and Direct Debits - Order foreign currency and travellers cheques. Orders placed before 8pm will be available for collection at any nominated Abbey branch after 2pm on the following bank working day - Link other accounts to this account - Request a form to register Bill Paymentscollapse
Mobile Banking	no	Mobile banking is currently not available.
Package Current Account	no	no
Switching Service	yes	If the customer wishes to switch their bank account to Abbey then they need their Switcher Service. Abbey will contact the customer's old bank for a list...expand If the customer wishes to switch their bank account to Abbey then they need their Switcher Service. Abbey will contact the customer's old bank for a list of Direct Debits, Standing Orders and bill payments. They will then set up the new Abbey account to match. They will then contact all the companies involved to make sure everything is working perfectly.collapse
Debit Card	yes	A VISA debit card is available.
Debit Card Type	Visa	A VISA debit card is available.
Maximum ATM Withdrawal	£300	The maximum ATM withdrawal is £300.00.
Cheque Book	yes	A cheque book is available.
Additional Information	none	No additional information.
Rates:
Headline Interest Rate	6%	The headline interest rate is 6.00% AER.
Reward Payment	£0	No reward payment payable.
Overdraft:
Overdraft Facility	yes	Overdraft facilities are available subject to status.
Interest Free Overdraft Limit	£0	There is no interest free overdraft limit.
Overdraft Buffer Limit	£0	There is no overdraft buffer.
Standard Overdraft Rate	19.9%	The advance (authorised) overdraft rate is 19.9% EAR.
Monthly Overdraft Charge	£0	There is no monthly authorised overdraft fee.
Automatic Overdraft Facility	£0	An approved overdraft facility is not automatically set up when the account is opened.
Overdraft Arrangement Fee	no	An overdraft arrangement fee is not charged.
Unauthorised Overdraft Rate	28.7%	The (unauthorised) instantoverdraft rate is 28.7% EAR.
Monthly Unauthorised Overdraft Charge	£25	There is a monthly fee for unauthorised overdraft of £25 per statement period.
Fee & Charges:
Monthly Charge	£0	No monthly servicing charge is made.
Free Banking	yes	Free banking is available.
Transaction Charge Europe	2.75%	There is a 2.75% conversion fee for transactions abroad.
Transaction Charge Worldwide	2.75%	There is a 2.75% conversion rate for transactions abroad.
Debit Card Charge Europe	1.25%	A £1.25 overseas transaction fee applies for point of sale transactions (not cash withdrawals) abroad in a currency other than sterling.
Debit Card Charge Worldwide	1.25%	A £1.25 overseas transaction fee applies for point of sale transactions (not cash withdrawals) abroad in a currency other than sterling.
ATM Withdrawal Charge Europe	1.99%	A charge of 1.50% of the value of the withdrawal is made (minimum £1.99) for VISA/PLUS withdrawals abroad.
Unauthorised Transaction Fee	£35	The Instant Overdraft Request Fee is dependent on the size of the transaction which triggers the request for the service (not the size of the Instant (unauthorised)...expand The Instant Overdraft Request Fee is dependent on the size of the transaction which triggers the request for the service (not the size of the Instant (unauthorised) Overdraft). Maximum £35 Transaction Fees £0 - £9.99 = £5 £10 - £19.99 = £15 £20 - £29.99 = £25 £30 plus = £35collapse
ATM Withdrawal Charge Worldwide	1.99%	A charge of 1.50% of the value of the withdrawal is made (minimum £1.99) for VISA/PLUS withdrawals abroad.
Incentives:
Cashback	£0	This incentive is not offered with this account.
Account Promotions	yes	Instant transfers - Between Abbey Account and one of the savings accounts. Sweep Facility Payments for switching errors .
Credit Card	no	This incentive is not offered with this account.
Life Insurance	no	This incentive is not offered with this account.
Commission Free Forex	no	This incentive is not offered with this account.
Mobile Phone Insurance	no	This incentive is not offered with this account.
Entertainment Ticket Discounts	no	This incentive is not available with this account.

Feature / Benefit	Details
Application Criteria:
Existing Customer Only	no	This account is not available to existing customers only.
Minimum Monthly Credit	£1,000	A monthly mandate of £1,000 plus is required, if this mandate is not met, the credit interest on the account will be reduced.
Minimum Contract Term	0 months	Not applicable.
Minimum Age	18 years	The minimum age is 18 years.
Maximum Age	Unlimited	There is no maximum age limit.
Minimum Income	£0	There is no minimum income required for this account.
Minimum Investment	£0	The account will be opened with a nil balance if the customer agrees to credit the account with £1000 or more each month either by a salary mandate or by Standing Order. The minimum balance that must be maintained in this account to receive interest is £1. If the balance falls below £1 no interest will be paid.
Maximum Investment	£2,000,000	The maximum investment is £2000000.
Student Bank Account	no	This is not a student bank account.
Graduate Bank Account	no	This is not a graduate bank account.
Area Restrictions	none	There are no area restrictions.

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